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United Airlines loses $194 million but sees 2Q turnaround

Published Fri, 15 Nov 2024 10:28:28 GMT

United Airlines said Tuesday that it lost $194 million in the first quarter but its revenue soared compared with last year, and the airline said consumer demand remains strong despite economic uncertainties.United predicted that results in the April-through-June quarter will be slightly better than Wall Street expects.Like Delta Air Lines, which reported financial results last week, United faces much higher costs for labor and fuel than it did a year ago. Both, however, were upbeat about strong ticket sales heading into the crucial summer travel season.“We are watching the macroeconomic risks carefully, but demand remains strong, especially internationally, where we are growing at twice the domestic rate,” CEO Scott Kirby said in a statement. That matches data from Bank of America and JPMorgan Chase, which report that their private data shows bookings slowing in recent weeks for trips within the U.S., while international flights sell briskly.Investors knew that United’s ...

Dominion Voting Systems says its settlement with Fox over false election claims was for $787.5 million

Published Fri, 15 Nov 2024 10:28:28 GMT

WILMINGTON, Del. (AP) — Dominion Voting Systems says its settlement with Fox over false election claims was for $787.5 million.Source

How major US stock indexes fared Tuesday 4/18/2023

Published Fri, 15 Nov 2024 10:28:28 GMT

U.S. stock indexes are closing little changed on Wall Street following a mixed set of earnings results from big companies. The S&P 500 rose 0.1% Tuesday after drifting between small gains and losses throughout the day. The Dow and Nasdaq barely moved. Lockheed Martin rose after reporting a bigger profit than expected. On the opposite end was Goldman Sachs, which dropped after its revenue fell short of forecasts. A report also showed China’s economic growth accelerated. That raised hopes for the global economy when investors are bracing for at least one more rate hike from the Federal Reserve.On Tuesday:The S&P 500 rose 3.55 points, or 0.1%, to 4,154.87.The Dow Jones Industrial Average fell 10.55 points, or less than 0.1%, to 33,976.63.The Nasdaq composite fell 4.31 points, or less than 0.1% to 12,153.41.The Russell 2000 index of smaller companies fell 7.29 points, or 0.4%, to 1,795.55.For the week:The S&P 500 is up 17.23 points, or 0.4%.The Dow is up 90.16 points, or 0.3...

First Horizon: Q1 Earnings Snapshot

Published Fri, 15 Nov 2024 10:28:28 GMT

MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — First Horizon National Corp. (FHN) on Tuesday reported net income of $251 million in its first quarter.The Memphis, Tennessee-based bank said it had earnings of 43 cents per share. Earnings, adjusted for non-recurring costs, came to 46 cents per share.The bank holding company posted revenue of $1.09 billion in the period. Its revenue net of interest expense was $859 million, falling short of Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FHN at https://www.zacks.com/ap/FHNSource

Torch-carrying marchers indicted in Charlottesville rally

Published Fri, 15 Nov 2024 10:28:28 GMT

RICHMOND, Va. (AP) — Nearly six years after a large gathering of white nationalists in Charlottesville erupted in violent clashes with counterprotesters, a grand jury in Virginia has indicted multiple people on felony charges for carrying flaming torches with the intent to intimidate.The Albemarle County Commonwealth’s Attorney’s Office said in a news release that the indictments relate to an event on Aug. 11, 2017. That’s when a group of white nationalists carrying torches marched through the campus of the University of Virginia, some chanting, “Jews will not replace us.”Commonwealth’s Attorney James Hingeley did not say in the release how many people have been indicted and did not immediately return a call and email seeking comment on Tuesday. According to electronic court records, the indictments against three people have been unsealed, including William Zachary Smith, of Nacona, Texas; Tyler Bradley Dykes, of Bluffton, South Carolina; and Dallas Med...

Reenactor pleads guilty to placing pipe bomb at battlefield

Published Fri, 15 Nov 2024 10:28:28 GMT

HARRISONBURG, Va. (AP) — A Civil War reenactor has pleaded guilty to charges that he planted a pipe bomb at a Virginia battlefield in 2017 and wrote letters falsely claiming that antifa protesters were to blame.Prosecutors on Tuesday announced the guilty plea from Gerald Leonard Drake, 63, of Winchester.Drake admitted during a hearing Monday in federal court in Harrisonburg that he planted a pipe bomb at Cedar Creek Battlefield during an annual reenactment in October 2017. The bomb did not detonate, but it resulted in cancellation of the reenactment after its discovery.Drake was a Civil War reenactor who regularly participated in events at Cedar Creek until he was expelled from his unit in 2014.He also admitted writing letters in 2017 and 2018 in which he falsely portrayed himself as part of a group of antifa activists who were targeting the reenactments because they believed them to glorify slavery. The letters threatened violence at subsequent Cedar Creek reenactments as well as a...

Yankees’ Stanton out 6 weeks with strained hamstring

Published Fri, 15 Nov 2024 10:28:28 GMT

NEW YORK (AP) — Giancarlo Stanton is likely to be sidelined for six weeks because of a strained left hamstring, the latest in a string of injuries for the New York Yankees slugger.Stanton has not played a full season since 2018, the first year after the Yankees acquired him from the Miami Marlins.He was hurt Saturday while running out a two-run double in the seventh inning against the Minnesota Twins. The Yankees placed him on the injured list the following day, his seventh trip to the injured list/disabled list in five seasons with the Yankees and 11th in 14 major league seasons.Yankees manager Aaron Boone gave the six-week estimate before Tuesday’s series opener against the Los Angeles Angels.Stanton missed 223 of 546 games in the previous four seasons (41%) because of a strained right biceps and strained posterior cruciate ligament in his right knee (2019), strained left hamstring (2020), strained left quadriceps (2021), and right ankle inflammation and left Achilles tendin...

Southwest Airlines, XCel Brands fall; Lockheed, Bellus rise

Published Fri, 15 Nov 2024 10:28:28 GMT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Goldman Sachs Group Inc., down $5.77 to $333.91.The investment bank’s first-quarter revenue fell short of Wall Street forecasts.Douglas Dynamics Inc., down 74 cents to $29.09.The snowplow maker gave investors a disappointing financial update following a winter with below-average snowfall.Bellus Health Inc., up $7.18 to $14.44.GSK is buying the biopharmaceutical company for about $2 billion.Lockheed Martin Corp., up $11.77 to $501.41.The aerospace and defense company reported strong first-quarter financial results.Mercantile Bank Corp., down 74 cents to $28.75.The holding company for Mercantile Bank of Michigan reported encouraging first-quarter financial results, though deposits edged lower.XCel Brands Inc., down 4 cents to 62 cents.The brand management company reported a bigger fourth-quarter loss than Wall Street expected.Bank of New York Mellon Corp., up 66 cents to $44.89.The investment ba...

Mom, son who took zip ties into Senate convicted in 1/6 riot

Published Fri, 15 Nov 2024 10:28:28 GMT

WASHINGTON (AP) — A Tennessee man and his mother were convicted on Tuesday of charges that they stormed the Capitol, where they brought plastic zip-tie handcuffs into the Senate gallery as a mob attacked the building, court records show.U.S. District Judge Royce Lamberth convicted Eric Munchel and his mother, Lisa Eisenhart, on all 10 counts in their indictment, including a charge that they conspired to obstruct Congress from certifying President Joe Biden’s 2020 electoral victory on Jan. 6, 2021. The judge is scheduled to sentence both of them Sept. 8.Lamberth decided the case without a jury after a “stipulated bench trial,” an unusual legal proceeding in which defendants do not admit guilt to charges but agree with prosecutors that certain facts are true. At least three dozen Capitol riot defendants have resolved their cases that way — which allows defendants to preserve their right to an appeal — rather than opting for a traditional trial or pleading guilty. A jury trial fo...

Alabama police ask partygoers for images from birthday melee

Published Fri, 15 Nov 2024 10:28:28 GMT

DADEVILLE, Ala (AP) — Two days after gunfire erupted at a Sweet 16 birthday party in Alabama — killing four people, including two high school seniors — state police are asking people to come forward if they have video or photographs from the party. The Alabama Law Enforcement Agency said it has worked with the Federal Bureau of Investigation to establish a digital tip line for videos and photos. As of Tuesday morning, officials had released little information about the investigation. “Special Agents are still in the process of gathering and examining information,” the law enforcement agency said in its last public statement, which was issued Monday. “Investigators are still processing all of the evidence, in conjunction with completing interviews, in an effort to solidify a motive and potential suspects.”In addition to the four young people killed in the shooting, another 32 were injured. The dead range in age from 17 to 23. The melee rocked the sleepy town of about 3,200 people. Fa...